RedVector RVLS-2859a

PMBOK® Guide - Sixth Edition: 13-Estimating & Budgeting Project Costs

PMBOK® Guide - Sixth Edition: 13-Estimating & Budgeting Project Costs

1.75 hrs. Online Course

Level: Intermediate

Item#: RVLS-2859a

SME: Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner

Project Cost Management is perhaps the most comprehensive knowledge area in regard to determining the scope of a project, how it will be funded, and the steps that will be taken to ensure that funds appropriated for the project are managed and used correctly. Essential to every good plan are the thoughts and processes that will enable the plan to proceed. Cost management drives project deliverables in line with project constraints. For example, if project costs are limited, a project manager may have to scale back on subject matter experts. If the cost of quality is higher than expected, the project manager needs to realign project deliverables to ensure the level of quality delivers against requirements. This course provides an in-depth look at the processes associated with cost management.

Materials in this class are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)

Course Objectives
At the end of this course, you will be able to:
  • Explain cost management Describe how cost management determines the scope of a project 
  • Describe how cost management drives deliverables in line with project constraints 
  • Define cost management and how it is required to complete a project of any size
SUBJECT MATTER EXPERT: Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner
Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner Photo
Neal Rowland has been a Project Management Professional (PMP) for over 13 years. During that time he has instructed, authored courses, advised training companies and corporations, and applied the best practices of project management in his work at Microsoft, Plex, and others. As the Lead Crowd Surfer of The Crowd Training [www.thecrowdtraining.com], Neal leads product development, instructional design, and graphic design. He is a contributor to the PMBOK. Beyond being certified as a PMP, Neal is also a certified agile project manager (PMI-ACP) and IT service management (ITIL Expert and ITIL Practitioner). Neal currently resides in the Detroit area with his wife and 5 kids.
Professional Organizations
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - 1510-RVLS-2859c)
Accreditation: Authorized Training Partner 1510
Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - 1510-RVLS-2859c)
Accreditation: Authorized Training Partner 1510
Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - 1510-RVLS-2859c)
Accreditation: Authorized Training Partner 1510